Market Overview:
The global powered instruments market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for powered instruments in hospitals, clinics, and other applications. The electric power system segment is expected to dominate the global powered instruments market during the forecast period owing to its high adoption rate in various applications. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing demand for medical devices and rising healthcare expenditure in countries such as China and India.
Product Definition:
A powered instrument is an electronic device that uses electricity to amplify sound. Powered instruments are important because they allow musicians to play louder and more complex music.
Electric Power System:
Electric power system is the set of equipment that generates, stores and delivers electrical energy to powered instruments. It includes generation, transmission & distribution of electric power from suppliers to consumers through an interconnected network. The global market for electric power system is expected to witness significant growth over the forecast period owing to its increasing demand in medical devices manufacturing industry.
Increasing geriatric population base worldwide coupled with rising prevalence rate of chronic diseases such as diabetes.
Console and Accessories:
The global console and accessories market size was valued at USD 2.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to increasing demand for digital music production software such as Logic Pro X, Ableton Live, FL Studio, and Maschine Studio. The growing trend of live streaming on various social media platforms has also increased the demand for these products among consumers.
Application Insights:
Based on the application, the market is segmented into hospital, clinic and other. The other application segment includes dental clinics, diagnostic centers and laboratories. The hospital application dominated the overall industry in terms of revenue in 2017 due to an increase in demand for advanced medical equipment by hospitals across the globe. This can be attributed to a rise in chronic diseases that require regular checkups and visits by healthcare professionals for diagnosis or treatment along with increasing government initiatives such as National Health Insurance (NHI) that covers routine medical checkups at a reduced cost. As per WHO, there are approximately 1 billion people suffering from chronic diseases requiring regular health checkups which amounts to around 15% of total population globally; this number is expected to reach 2 billion by 2030 thus fueling demand further over forecast period.
The clinic application segment accounted for majority share within secondary care facilities owing to an increase in demand for technologically advanced clinics providing better patient care along with reducing costs associated with administration procedures.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of major players, technological advancements, and high demand for advanced medical devices. In addition, growing awareness regarding powered instruments is expected to drive their adoption over the forecast period. Europe accounted for a significant share in terms of revenue owing to increasing geriatric population base that requires long-term care and increased healthcare expenditure by government agencies as well as private organizations. Asia Pacific is projected to witness lucrative growth over the forecast period due to rising disposable income levels coupled with improving healthcare infrastructure in countries such as China and India.
The global powered instruments market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America (LATAM),.
Growth Factors:
- Increasing demand from the healthcare sector for Powered Instruments owing to the rising prevalence of chronic diseases and increasing number of surgical procedures.
- Growing demand for Powered Instruments from the food and beverage industry due to the increasing trend of processed foods.
- Rising demand for Powered Instruments in research laboratories due to their growing use in drug discovery, genomics, proteomics, and other life sciences research applications.
- Increasing adoption of Powered Instruments by small-and medium-sized enterprises (SMEs) due to their low cost and easy operability as compared with traditional instruments used by these enterprises hitherto.. 5 Increased spending on R&D by large pharmaceutical companies on novel drug discovery is expected to fuel growth of the global powered instruments market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Powered Instruments Market Research Report
By Type
Electric Power System, Console and Accessories, Other
By Application
Hospital, Clinic, Other
By Companies
CONMED, Medtronic, Arthrex, MicroAire Surgical Instruments, Farm Design, Inc., Smith & Nephew, US Medical Systems, DeSoutter Medical, Johnson & Johnson, CONMED
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Powered Instruments Market Report Segments:
The global Powered Instruments market is segmented on the basis of:
Types
Electric Power System, Console and Accessories, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CONMED
- Medtronic
- Arthrex
- MicroAire Surgical Instruments
- Farm Design, Inc.
- Smith & Nephew
- US Medical Systems
- DeSoutter Medical
- Johnson & Johnson
- CONMED
Highlights of The Powered Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Power System
- Console and Accessories
- Other
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Powered Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Powered Instruments is a company that manufactures and distributes musical instruments, including guitars, basses, drums, keyboards and other electronic equipment.
Some of the major companies in the powered instruments market are CONMED, Medtronic, Arthrex, MicroAire Surgical Instruments, Farm Design, Inc., Smith & Nephew, US Medical Systems, DeSoutter Medical, Johnson & Johnson, CONMED.
The powered instruments market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Powered Instruments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Powered Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Powered Instruments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Powered Instruments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Powered Instruments Market Size & Forecast, 2018-2028
4.5.1 Powered Instruments Market Size and Y-o-Y Growth
4.5.2 Powered Instruments Market Absolute $ Opportunity
Chapter 5 Global Powered Instruments Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Powered Instruments Market Size Forecast by Type
5.2.1 Electric Power System
5.2.2 Console and Accessories
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Powered Instruments Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Powered Instruments Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Powered Instruments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Powered Instruments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Powered Instruments Analysis and Forecast
9.1 Introduction
9.2 North America Powered Instruments Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Powered Instruments Market Size Forecast by Type
9.6.1 Electric Power System
9.6.2 Console and Accessories
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Powered Instruments Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Powered Instruments Analysis and Forecast
10.1 Introduction
10.2 Europe Powered Instruments Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Powered Instruments Market Size Forecast by Type
10.6.1 Electric Power System
10.6.2 Console and Accessories
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Powered Instruments Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Powered Instruments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Powered Instruments Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Powered Instruments Market Size Forecast by Type
11.6.1 Electric Power System
11.6.2 Console and Accessories
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Powered Instruments Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Powered Instruments Analysis and Forecast
12.1 Introduction
12.2 Latin America Powered Instruments Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Powered Instruments Market Size Forecast by Type
12.6.1 Electric Power System
12.6.2 Console and Accessories
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Powered Instruments Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Powered Instruments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Powered Instruments Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Powered Instruments Market Size Forecast by Type
13.6.1 Electric Power System
13.6.2 Console and Accessories
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Powered Instruments Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Powered Instruments Market: Competitive Dashboard
14.2 Global Powered Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CONMED
14.3.2 Medtronic
14.3.3 Arthrex
14.3.4 MicroAire Surgical Instruments
14.3.5 Farm Design, Inc.
14.3.6 Smith & Nephew
14.3.7 US Medical Systems
14.3.8 DeSoutter Medical
14.3.9 Johnson & Johnson
14.3.10 CONMED
